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Dec 22, 2012
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we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting bin laden, and the difference one person can make. you're watching "hardball," the place for politics. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day pr
we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting...
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Dec 22, 2012
12/12
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in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he basically is saying we have to come up with some solution to help the majority of ame
in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans...
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Dec 22, 2012
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the rest of our lives, we're going to be talking about the largest tax cut in history as the obama tax cuts. >> katie, maybe so, but i think the republicans have to be the retreat. in some sense, they'll take sola solace. i happen to think boehner had the least bad proposal, i'm sorry it got beaten down. will the republicans come back and vote for tax cuts in january? democrats sure will. >> well, that's certainly an option that's on the table and definitely makes their job easier with their constituents back home. but there's one thing we're forgetting here, republicans in general can still come back in the ten-day period we have before the fiscal cliff deadline and vote present and wash their hands clean of president obama's proposal and allow him to deal with the economic consequences of his plan. >> can i just add -- i'm sorry to jump in -- i'm sorry to adjust quick. can we stop saying it's ten days? it's three days. >> it is three days, that's correct. >> they're not coming back until wednesday. >> true. >> i think to katie's point. the thing i would say, though, i don't think tha
the rest of our lives, we're going to be talking about the largest tax cut in history as the obama tax cuts. >> katie, maybe so, but i think the republicans have to be the retreat. in some sense, they'll take sola solace. i happen to think boehner had the least bad proposal, i'm sorry it got beaten down. will the republicans come back and vote for tax cuts in january? democrats sure will. >> well, that's certainly an option that's on the table and definitely makes their job easier...
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Dec 22, 2012
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voting for anything that can be perceived as a tax increase. well, what the president is talking about, even a scaled-down version, is devil raysing taxes. and raising taxes on people making $250,000 or more. at least household. so that's going to be difficult to do and that's why reality check here, talking to democrats and republicans, it seems they're going through the motions, that they're going to talk about talking when they get back, they'll get back from the holiday, and at this point, both sides are saying that they are pretty confident we're going to go over the fiscal cliff. >> the president i thought had a weird moment in his remarks where he started talking about everyone should go and have eggnog, have some christmas cookies, and then think about what they're going to do before they think about coming back to doing some kind of a deal before we go over that cliff. we're talking about ten days there. do you really think there's time for all that? >> there's time to get a deal done. there's always time in washington. because if they
voting for anything that can be perceived as a tax increase. well, what the president is talking about, even a scaled-down version, is devil raysing taxes. and raising taxes on people making $250,000 or more. at least household. so that's going to be difficult to do and that's why reality check here, talking to democrats and republicans, it seems they're going through the motions, that they're going to talk about talking when they get back, they'll get back from the holiday, and at this point,...
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Dec 22, 2012
12/12
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the combination of tax hikes and across the board spending cuts that no one wants to have happen. the president seems to be sticking with his plan and congress seems to be in disarray. time is running out. the time is january 1st just ten days away. nancy cordes has the latest on the negotiations. >> reporter: shortly before he left for hawaii president obama urged congressional leaders to address a smaller plan to avert the fiscal cliff because his talk with speaker boehner on a smaller deal have stalled. >> i met them halfway on taxes, and i met them more than halfway on spending. >> reporter: that was not speaker boehner's take earlier in the day. >> what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy. >> reporter: but boehner's position was weakened after he tried but failed to pass his own plan in the house. >> as you know the house did not take up the tax bill last night because we didn't have the votes to pass it. it's not the outcome that i wanted, but that was t
the combination of tax hikes and across the board spending cuts that no one wants to have happen. the president seems to be sticking with his plan and congress seems to be in disarray. time is running out. the time is january 1st just ten days away. nancy cordes has the latest on the negotiations. >> reporter: shortly before he left for hawaii president obama urged congressional leaders to address a smaller plan to avert the fiscal cliff because his talk with speaker boehner on a smaller...
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Dec 22, 2012
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we're going to have the votes to pass both the tax -- permanent tax relief bill, as well as the spending reduction account. >> i am not convinced at all that when the bill passes the house today, that it will die in the senate. >> you know, the bill never got to the senate because it never passed the house because it turns out you guys didn't have the votes to pass it in the house. and the most important thing here is that you thought you did. you counted wrong. you thought you had the votes and you didn't. you did not know that you were going to lose that vote on your own legislation because of the votes of your own side. you didn't know you were going to lose it until you started to lose it, and then you had to shut everything down at emergency speed. whether you prefer the policies of john boehner or you prefer the policies of nancy pelosi, if you just compare them, te technocratly speaking, nancy pelosi never lost a vote. she never once got so confused and lost control of the group she was supposed to be leading, she never got caught out saying something was going to pass. she never
we're going to have the votes to pass both the tax -- permanent tax relief bill, as well as the spending reduction account. >> i am not convinced at all that when the bill passes the house today, that it will die in the senate. >> you know, the bill never got to the senate because it never passed the house because it turns out you guys didn't have the votes to pass it in the house. and the most important thing here is that you thought you did. you counted wrong. you thought you had...
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Dec 22, 2012
12/12
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is it on taxes? >> well, alex, i think that the question -- you know, early on we saw maybe -- you know, it would be on the tax rate. republicans don't want to raise taxes at all but would be willing to go to a hire rate but not as high as the president wants. maybe the threshold. president wants anybody making under $250,000 -- over $250,000 with a tax hike. republicans were at a million. somewhere in the middle, $400,000, $500. right now it does not seem -- republican majority in the house and so in terms of any kind of, you know, common ground, it doesn't seem like there is a lot left. it may be going over the cliff and coming back with a tax cut. >> here's what's happening as a result of all of this. we have the stock market which closed down nearly 121 points on friday. no agreement in sight. if we head over this cliff, the average middle class family will pay $2400 a year more in taxes. 3.5 million jobs could be lost. when we see these manifestations, someone is going to pay a political price f
is it on taxes? >> well, alex, i think that the question -- you know, early on we saw maybe -- you know, it would be on the tax rate. republicans don't want to raise taxes at all but would be willing to go to a hire rate but not as high as the president wants. maybe the threshold. president wants anybody making under $250,000 -- over $250,000 with a tax hike. republicans were at a million. somewhere in the middle, $400,000, $500. right now it does not seem -- republican majority in the...
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Dec 22, 2012
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the president says it would protect middle-class americans from a tax hike, extend unemployment benefits and set a framework for future debt reduction steps. that announcement came after he met with congressional leader. lawmakers will only have a few days to make a deal after they return from christmas break. president obama also announcing john kerry to replace hillary clinton as secretary of state. senator kerry currently chairs the foreign relations committee. president obama credited him with playing a central role in every major foreign policy debate for nearly 30 years and called on the senate to swiftly confirm his nomination. the u.s. marine veteran jailed in mexico on weapons charges is back in the u.s. tonight. his release comes from his mother. he was arrested four months ago after declaring an antique shotgun at the border. mexican authorities said the weapon did not comply with their gun laws. anderson. >> there are obviously going to be more funerals in newtown this weekend. another funeral just tomorrow as monsignor weiss is going to be officiating at. many difficult days
the president says it would protect middle-class americans from a tax hike, extend unemployment benefits and set a framework for future debt reduction steps. that announcement came after he met with congressional leader. lawmakers will only have a few days to make a deal after they return from christmas break. president obama also announcing john kerry to replace hillary clinton as secretary of state. senator kerry currently chairs the foreign relations committee. president obama credited him...
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Dec 22, 2012
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she confirmed the unwanted prospects. >> reporter: taxes on every american will go up. we will also see the payroll tax cut end. so that's another thing that we'll wind up paying. don't forget, there's two million people now that are getting an extension on unemployment benefits. that will end, as well. a little less money in everybody's pockets. >> yeah. and stock markets, certainly we were watching the market yesterday. they've taken a dive. why is that? what is the connection, and do you see this continuing? >> reporter: the consumer basically accounts for about 2/3 of this overall economy. so consumer spending is critical to having a healthy economy. so if the consumer is being taxed more, doesn't have as much money to spend, the expectation is the consumer will pull back. you've also got something else going on, that's there's a lot of entertainment in the see suite. ceos say -- the c suite. ceos saying i'm not hiring now. that's having an effect. finally, investors don't like the idea that washington can't quite get it together. they want to see lawmakers be able
she confirmed the unwanted prospects. >> reporter: taxes on every american will go up. we will also see the payroll tax cut end. so that's another thing that we'll wind up paying. don't forget, there's two million people now that are getting an extension on unemployment benefits. that will end, as well. a little less money in everybody's pockets. >> yeah. and stock markets, certainly we were watching the market yesterday. they've taken a dive. why is that? what is the connection,...
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Dec 22, 2012
12/12
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higher taxes. lawmakers and president obama have left washington for christmas with no deal on tax cuts and spending cuts. tax hikes and spending cuts that could go in effect the first of the year. cnn's brianna keilar is live in hawaii where the president is spending christmas holiday. brianna, aloha. where do we go from here? >> reporter: aloha to you, miguel. this will be a working christmas vacation for president obama. the senate will reconvene december 27th, so after christmas. and up until that time, it's up to president obama to try to work out a deal with the senate majority leader, harry reed, as well as the senate minority leader, mitch mcconnell to avert tax hikes going into effect at the new year. the president wants them for those making $250,000 or less to remain in effect and to go up beyond there. but he'll need to work out something presumably that would be able to pass the senate. and then presumably the house with some democratic support, as well as republican support. and liste
higher taxes. lawmakers and president obama have left washington for christmas with no deal on tax cuts and spending cuts. tax hikes and spending cuts that could go in effect the first of the year. cnn's brianna keilar is live in hawaii where the president is spending christmas holiday. brianna, aloha. where do we go from here? >> reporter: aloha to you, miguel. this will be a working christmas vacation for president obama. the senate will reconvene december 27th, so after christmas. and...
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Dec 22, 2012
12/12
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the tax code. why don't we take that up. ? let's get this done. it is called legislating. that is what used to in congress. democrats may be popping champagne corks about bringing down a plan b, but all their efforts to do so yesterday was not perfect -- protect one single tax. from a massive tax hike in a few weeks. the american people are waiting. surely we can do better than this. let's do it. i yield the floor. >> a leadership time is reserved -- the majority leader. >> mr. president, if this or not such a serious situation we face or sells, it would be laughable. can you imagine saying that we should defeat a bill that we have already defeated? we voted on the proposal at the same time we voted to pass that one protecting middle class americans. that passed the senate. giving the richest tax breaks that they get, the proposal they had was about $50,000 extra for each one of them. it was defeated in the senate. my friend, and he is my friend, the republican leader is struggling to find a way to
the tax code. why don't we take that up. ? let's get this done. it is called legislating. that is what used to in congress. democrats may be popping champagne corks about bringing down a plan b, but all their efforts to do so yesterday was not perfect -- protect one single tax. from a massive tax hike in a few weeks. the american people are waiting. surely we can do better than this. let's do it. i yield the floor. >> a leadership time is reserved -- the majority leader. >> mr....
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Dec 22, 2012
12/12
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. >> she wants the president to know how higher taxes would impact her family. >> my mom, she has to pay a lot of money because she has to get a lot of food for me and the sib ib links. >> they are asking for a few simple requests. give us puppies and as president you should wear jeans. >> letters will be mailed out before the holidays. while students know the president is pretty busy they do expect him to respond. >> please take time to write back. i thing like you'll have a big impact on our country. >> sealed, signed and soon to be delivered. >> katie: lisa argen is joining us with good news if you are waterlogged, one of the of it has passed. >> lisa: we still have showers in the north bay but los gatos, highway 17 right now, i seek it's moving along and heavier rain in the santa cruz mountains. heavier rain throughout the day but nothing like what you slept three and storm number two tomorrow. we'll talk about what to expect for the rest of the weekend next. >> also ahead, a big move for the san francisco exploratorium. it's packing up for the past as it prepares for the future
. >> she wants the president to know how higher taxes would impact her family. >> my mom, she has to pay a lot of money because she has to get a lot of food for me and the sib ib links. >> they are asking for a few simple requests. give us puppies and as president you should wear jeans. >> letters will be mailed out before the holidays. while students know the president is pretty busy they do expect him to respond. >> please take time to write back. i thing like...